Shares of Illumina, Inc. (NASDAQ:ILMN) have been given a consensus rating of “Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $346.35.
A number of research analysts have recently issued reports on ILMN shares. Morgan Stanley lowered their price target on Illumina from $320.00 to $288.00 and set an “equal weight” rating on the stock in a report on Monday, January 7th. Zacks Investment Research downgraded Illumina from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Deutsche Bank downgraded Illumina from a “buy” rating to a “hold” rating and set a $296.53 price target on the stock. in a report on Friday, January 25th. Bank of America reaffirmed a “buy” rating and set a $355.00 price target on shares of Illumina in a report on Wednesday, January 30th. Finally, Leerink Swann raised Illumina to an “outperform” rating and lowered their price target for the company from $380.00 to $365.00 in a report on Wednesday, January 30th.
In other news, insider Francis A. Desouza sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $345.90, for a total value of $1,037,700.00. Following the transaction, the insider now owns 65,443 shares of the company’s stock, valued at $22,636,733.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Charles Dadswell sold 566 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $343.57, for a total value of $194,460.62. Following the completion of the transaction, the senior vice president now directly owns 5,606 shares in the company, valued at approximately $1,926,053.42. The disclosure for this sale can be found here. In the last three months, insiders sold 35,947 shares of company stock worth $11,026,616. 0.54% of the stock is owned by corporate insiders.
Shares of NASDAQ:ILMN traded up $1.32 during midday trading on Wednesday, reaching $293.52. 946,109 shares of the company’s stock traded hands, compared to its average volume of 1,076,148. The company has a market cap of $43.44 billion, a P/E ratio of 51.31, a PEG ratio of 2.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.49 and a quick ratio of 2.27. Illumina has a one year low of $216.34 and a one year high of $372.61.
Illumina (NASDAQ:ILMN) last announced its quarterly earnings results on Tuesday, January 29th. The life sciences company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.04). The business had revenue of $867.00 million for the quarter, compared to the consensus estimate of $865.33 million. Illumina had a net margin of 24.79% and a return on equity of 24.51%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 earnings per share. On average, sell-side analysts anticipate that Illumina will post 6.51 earnings per share for the current year.
Illumina, Inc provides sequencing and array-based solutions for genetic analysis. The company operates in two segments, Core Illumina and Consolidated VIEs. It offers sequencing by synthesis technology that provides researchers with various applications and the ability to sequence mammalian genomes; and arrays for a range of deoxyribonucleic acid and RNA analysis applications, including single nucleotide polymorphism genotyping, copy number variations analysis, gene expression analysis, and methylation analysis, as well as allow the detection of known genetic markers on a single array.
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